Caleb Williams: Franchise Savior but Fantasy Also Ran?

Jason Wood details Caleb Williams' 2024 fantasy outlook.

Jason Wood's Caleb Williams: Franchise Savior but Fantasy Also Ran? Jason Wood Published 08/12/2024

When the Chicago Bears selected Caleb Williams with the first overall pick in April, few doubted he was ready for the moment. Coming out of Gonzaga in the Washington D.C. area, he was a 5-star recruit and one of the top high school prospects at any position. As we know, he initially chose Oklahoma to play for Lincoln Riley and followed Riley to USC, where he started for two seasons, including a Heisman Trophy-winning campaign in 2022. 

Unlike many years when there was debate about who should be selected No. 1, it was clear for months leading up to the draft that Williams would be the Bears' choice. Now, Williams has an opportunity to reshape how we think of the Bears' offense completely

The Worst Passing Team in NFL History

In the lead-up to the draft, NFL pundits said things like, "The Bears have never had a great quarterback," but does NFL history back up that reputation?

Per-Game Passing Stats, NFL Franchises (Super Bowl Era -- 1966 through 2023), Sorted by Passer Rating

FromToTeamGmsCmpAttCmp%YdsTDIntTD%Int%RateSkSk%Y/A
20022023HOU35520.633.062.5%218.81.340.894.1%2.7%86.32.67.9%6.63
19662023DAL89918.931.460.2%215.01.481.074.7%3.4%84.32.37.3%6.84
19662023SFO89919.131.760.3%214.41.481.044.7%3.3%84.32.37.2%6.76
19662023GNB89919.232.259.6%213.71.571.104.9%3.4%83.62.37.3%6.64
19952023JAX46720.133.460.1%209.91.240.863.7%2.6%82.12.67.8%6.29
19662023KAN89918.331.058.9%203.01.320.964.3%3.1%82.02.37.3%6.55
19662023MIN89919.432.359.9%210.61.431.114.4%3.4%81.92.57.6%6.51
19962023BAL45119.833.060.1%204.81.320.914.0%2.8%81.72.36.9%6.21
19762023SEA75918.631.658.9%203.21.421.054.5%3.3%81.42.68.2%6.43
19682023CIN87018.731.659.1%202.71.361.014.3%3.2%81.32.47.7%6.41
19672023NOR88519.632.759.8%213.61.421.154.3%3.5%80.92.26.6%6.53
19662023IND89919.032.259.1%210.21.411.104.4%3.4%80.92.16.6%6.53
19662023MIA89918.832.058.8%208.31.421.134.4%3.5%80.32.06.3%6.52
19662023WAS89918.531.958.2%205.91.361.064.3%3.3%80.02.37.1%6.46
19662023NWE89918.632.257.8%209.61.441.134.5%3.5%79.82.27.0%6.51
19662023LAC89919.833.758.6%225.71.451.244.3%3.7%79.72.16.2%6.70
19662023LVR89918.031.457.2%206.41.451.194.6%3.8%79.12.57.9%6.56
19662023LAR89918.431.758.0%205.61.331.124.2%3.5%78.92.37.2%6.49
19662023ATL89918.131.258.1%198.81.321.134.2%3.6%78.72.88.9%6.37
19662023DEN89918.532.157.5%208.41.371.164.3%3.6%78.52.57.7%6.49
19952023CAR46718.932.358.4%202.31.251.043.9%3.2%78.52.57.7%6.26
19662023PHI89918.833.057.1%204.31.391.074.2%3.3%78.42.88.4%6.20
19662023PIT89917.430.557.0%197.51.321.164.3%3.8%77.42.37.4%6.46
19662023DET89918.432.057.3%198.41.261.133.9%3.5%76.32.68.3%6.20
19662023NYG89917.931.556.9%196.21.241.113.9%3.5%76.12.58.0%6.23
19762023TAM75918.832.757.3%204.71.291.183.9%3.6%76.02.47.2%6.25
19662023TEN89917.831.057.4%195.51.221.174.0%3.8%75.92.37.4%6.31
19662023BUF89817.630.956.9%191.21.291.214.2%3.9%75.22.47.8%6.19
19662023CLE85117.831.556.4%194.21.241.223.9%3.9%74.02.47.6%6.17
19662023ARI89918.733.156.6%205.01.211.253.7%3.8%73.82.57.6%6.19
19662023NYJ89917.831.456.6%193.61.201.233.8%3.9%73.62.47.6%6.16
19662023CHI89916.729.756.4%175.01.071.183.6%4.0% 71.42.48.0%5.89

Chicago Datapoints:

  • 32nd (Worst) in Passer Rating (71.4)
  • 32nd in Yards per Attempt (5.89)
  • 27th in Sack Rate (8.0%)
  • 32nd in Interception Rate (4.0%)
  • 32nd in Touchdown Rate (3.6%)
  • 32nd in Passing Yards (175.0)
  • 32nd in Completion Rate (56.4%)

It's been HARD for Windy City residents. But even the worst franchises occasionally luck into greatness for a season or two, right? Not the Bears, at least not when it comes to their quarterbacks. 

Top 25 Chicago Bears Quarterback Seasons, Sorted by Passing Yards (Super Bowl Era)

RankPlayerSeasonAgeGmsCmpAttCmp%YdsTDIntTD%Int%SkY/A
1Erik Kramer1995311631552260.3%3,83829105.6%1.9%157.4
2Jay Cutler2014311537056166.0%3,81228185.0%3.2%386.8
3Jay Cutler2009261633655560.5%3,66627264.9%4.7%356.6
4Jay Cutler2015321531148364.4%3,65921114.3%2.3%297.6
5Jay Cutler2010271526143260.4%3,27423165.3%3.7%527.6
6Mitch Trubisky2018241428943466.6%3,22324125.5%2.8%247.4
7Rex Grossman2006261626248054.6%3,19323204.8%4.2%216.7
8Mitch Trubisky2019251532651663.2%3,13817103.3%1.9%386.1
9Jim Harbaugh1991281627547857.5%3,12115163.1%3.3%246.5
10Jay Cutler2012291525543458.8%3,03319144.4%3.2%387.0
11Erik Kramer1997331527547757.7%3,01114142.9%2.9%256.3
12Kyle Orton2008261527246558.5%2,97218123.9%2.6%276.4
13Jay Cutler2013301122435563.1%2,62119125.4%3.4%197.4
14Justin Fields2023241322737061.4%2,5621694.3%2.4%446.9
15Jim Harbaugh1992291620235856.4%2,48613123.6%3.4%316.9
16Jim McMahon1985261317831356.9%2,39215114.8%3.5%267.6
17Vince Evans1981261619543644.7%2,35411202.5%4.6%235.4
18Jay Cutler2011281018231458.0%2,3191374.1%2.2%237.4
19Jim Miller2001301422839557.7%2,29913103.3%2.5%115.8
20Dave Krieg1996381322637759.9%2,27814123.7%3.2%146.0
21Justin Fields2022231519231860.4%2,24217115.3%3.5%557.1
22Mitch Trubisky2017231219633059.4%2,193772.1%2.1%316.6
23Jim McMahon1983241417529559.3%2,18412134.1%4.4%427.4
24Jim Harbaugh1990271418031257.7%2,1781063.2%1.9%317.0
25Jack Concannon1970271419438550.4%2,13016184.2%4.7%245.5

All hail, Erik Kramer? It's hard to believe that a nearly 30-year-old season would be the franchise's statistical best, but Kramer's 1995 totals remain the benchmark. 

  • The Bears have NEVER had a 4,000-yard passer
  • Chicago has NEVER had a 30-touchdown passer
  • The team has never attempted 600 passes
  • The Bears have never averaged 8.0 yards per attempt

Jay Cutler is inarguably the team's most accomplished passer:

  • 4 of the top 5 seasons
  • 5 of the top 10 seasons
  • 6 of the top 13 seasons
  • 7 of the top 20 seasons

For comparison, there have been 108 quarterback seasons with at least 4,000 yards and 30 touchdowns in the modern era, while the Bears have none as a franchise.

  • Peyton Manning did it 9 times
  • Drew Brees also did it 9 times
  • Tom Brady did it 8 times
  • Aaron Rodgers has done it 7 times
  • Philip Rivers did it 6 times
  • Patrick Mahomes has done it 4 times

Can Caleb Williams Set the Record as a Rookie?

With the Bears quarterback's historic ineptitude on full display, we can say definitively that it would be a colossal disappointment if Caleb Williams doesn't rewrite the Bears record books over his career. But should we bet on him doing so as a rookie? Let's look at recent history:

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Rookie Starting QBs (2014-2023, Minimum of 10 Games)

RankPlayerYearGmsPaYdsPaTDsINTsRuYdsRuTDsFPTsRankPG
1Justin Herbert2020154,33631102345340.810
2Dak Prescott2016163,6672342826298.97
3Kyler Murray2019163,72220125444295.315
4Jameis Winston2015164,04422152136292.121
5C.J. Stroud2023154,1082351673286.09
6Baker Mayfield2018143,72527141310256.119
9Daniel Jones2019133,02724122792245.013
8Gardner Minshew II2019143,2712163440243.217
7Mac Jones2021173,80222131290240.031
10Carson Wentz2016163,78216141502228.330
14Josh Allen2018122,07410126318222.118
11Trevor Lawrence2021173,64112173342222.036
12Marcus Mariota2015122,81819102522215.916
13Derek Carr2014163,2702112870211.531
15DeShone Kizer2017152,89411224195209.731
16Teddy Bridgewater2014132,91914122091187.728
17Sam Darnold2018132,86517151381187.436
19Joe Burrow2020102,6881351423186.715
18Blake Bortles2014142,90711174190185.235
20Bryce Young2023162,87711102530174.441
25Lamar Jackson2018161,201636975168.739
22Davis Mills2021132,6641610440165.037
23Zach Wilson2021132,3349111854160.938
24Kenny Pickett2022132,404792373156.938
27Justin Fields2021121,8707104202146.839
26Mitchell Trubisky2017122,193772482145.534
29Tua Tagovailoa2020101,8141151093140.532
28Aidan O'Connell2023112,218127111136.836
30Josh Rosen2018142,27811141380134.945
 Average 142,94516112572209.827

Thirty rookie quarterbacks have appeared in at least ten games over the last decade. While we tend to remember and romanticize breakout seasons from C.J. Stroud, Dak Prescott, and Justin Herbert, the results are actually far more mixed. On average, rookie quarterbacks have been unrosterable fantasy assets, averaging QB27 on a per-game basis. Yes, a few of these low-ranked players (e.g., Lamar Jackson) had late-season breakout performances, but the odds of having those players on your roster in 12-team redraft leagues were very low until they had a breakout game or two.

But Isn't Shane Waldron a Quarterback Guru?

First, half of the NFL has "quarterback gurus" on their coaching staff; it's the fastest path to move from a young assistant to a senior role as a play-calling offensive coordinator or head coach. Second, while Bears fans have a right to be excited about Waldron joining as OC after the Luke Getsy era failed miserably, we can't be sure Waldron is a difference-maker. As detailed in our analysis of the league's new play-callers, Waldron's resume is a mixed bag. 

Waldron spent the last three seasons calling plays in Seattle and was widely praised for turning Geno Smith's flailing career around. While both Getsy and Waldron are from the West Coast offensive coaching tree, their systems are quite different as Waldron's offenses have been among the league's most pass-heavy, while Getsy's Bears ran the ball with abandon. How much of that disparity came down to Justin Fields' (in)ability to throw is unknown, but we do know that Waldron has coached a litany of different quarterback types, from the statuesque Matthew Stafford to the mobile Russell Wilson. Caleb Williams was at his best in college working outside of structure, and Waldron's quarterbacks in Seattle left the pocket nearly 17% of the time (4th among NFL teams over that span), per ESPN. The receiving trio of DJ MooreKeenan Allen, and first-round rookie Rome Odunze eerily mirrors what Waldron had in Seattle with Tyler LockettDK Metcalf, and Jaxon Smith-Njigba.

But it's worth noting the Seahawks offense only cracked the Top 10 once (9th in 2022) and was league average (16th and 17th in 2021 and 2023, respectively) under Waldron. 

Key Offensive Team Rankings, Shane Waldron Seahawks (2021-2023)

Stat21-Rank22-Rank23-RankAverage
Points Scored16th9th17th14th
Total Yards20th13th21st18th
Pass Yards23rd11th14th16th
Pass TDs10th4th20th11th
Interceptions1st10th13th8th
Rush Yards11th18th28th19th
Rush TDs9th22nd20th17th

Shane Waldron might be the perfect fit for Williams, and unlike many of the new offensive coordinators hired this cycle, he has invaluable experience. The bullish take on Waldron's Seattle tenure is that he managed to field a league-average passing offense with Geno Smith. If we think Caleb Williams is better than Geno Smith (and most of us do), it doesn't take mental gymnastics to convince yourself the Bears can be more effective running the same system.

The Receiving Trio is Undeniable

General Manager Ryan Poles is going for it immediately, and he's putting the pieces in place to give Williams a chance at early success. The cornerstone of Poles' approach is filling the receiver room with a tantalizing trio of terrific options.

  • The Incumbent Alpha, aka DJ Moore -- Moore started his career in Carolina before joining the Bears last year. He set career marks with 96 receptions, 1,364 yards, and 8 touchdowns despite playing in an offense that only threw for 3,096 yards and 19 touchdowns. Moore was recently signed to a massive extension, ensuring he'll be Williams' top target for the next few seasons.
  • The Short-Term Safety Valve, aka Keenan Allen -- Allen joins the Bears after 12 seasons in Los Angeles. Allen ranks 4th and 6th in receptions and receiving yards, respectively, among active players and is coming off his best season with 108 receptions, 1,243 yards, and 7 touchdowns. He'll be a free agent in 2025, but should provide Williams with an enviable calming force in his first season.
  • The Generational Prospect, aka Rome Odunze -- This year's wide receiver class was considered an all-timer, thanks mainly to the trio of Marvin Harrison Jr., Malik Nabers, and Rome Odunze. Odunze has the all-around skill set to be an immediate contributor and evolve into a perennial All-Pro. 

The Offensive Line Could be the Monkey Wrench

Even if we assume Shane Waldron is an above-average play-caller and that the receiving corps is far better than what most rookie quarterbacks enjoy, none of it will matter if the offensive line cannot keep Williams protected. Our own Matt Bitonti recently updated his 2024 offensive line rankings and isn't optimistic:

Projected Starters:

  • LT -- Braxton Jones
  • LG -- Teven Jenkins
  • C -- Ryan Bates
  • RG -- Nate Davis
  • RT -- Darnell Wright

Rankings:

  • Overall: 24th
  • Run Blocking: 13th
  • Pass Blocking: 31st

In fairness, we should acknowledge that Pro Football Focus has a more optimistic view of the unit, ranking it 11th overall

Let's Not Undersell Williams' Off-Script Accuracy

If the offensive line is as bad at pass-blocking as Bitonti thinks, all bets are off for a fantasy-worthy rookie season. But we shouldn't undersell how talented Williams is playing outside of structure. It's one of the main reasons he won a Heisman Trophy and became the consensus top prospect in the April draft. Our own Matt Waldman says it best in his fantastic Rookie Scouting Portfolio:

Williams is capable of efficient and intelligent football and displays it often enough for it to translate to the pros. He can climb the pocket efficiently. He can read the width and depth of the field and exploit early opportunities. He’s a shrewd manipulator of defenses with his physical skills, especially off-structure. He also learns from in-game mistakes and applies those lessons later in the contest. Add the creativity, dynamic athletic skills, and otherworldly placement of the football on- and off-structure to the mix, and you’re looking at
the game of a quarterback who could rival Aaron Rodgers at Rodgers’ best. That’s the player I see as a mover, thrower, creator, and pocket manager when I watch Williams. It’s in a similar realm as Mahomes, just a subtly different flavor of player. 

Is Williams Going to Run Enough?

Fellow rookie Jayden Daniels (Washington) is coming off the board 12th among quarterbacks, and Williams follows closely behind at QB13. While I think Williams is the far more polished passer with a much safer long-term floor, Daniels has the more enticing fantasy upside this year because of his mobility. Daniels could rival Josh Allen, Jalen Hurts, and Lamar Jackson as a rusher, and we know that rushing stats are 2x to 2.5x (depending on the scoring system) more valuable than passing stats. How should we think about Williams' rushing outlook?

Williams' College Rushing Stats

  • 289 rushes
  • 966 rushing yards
  • 3.3 yards per rush
  • 27 rushing touchdowns

The 27 rushing touchdowns are encouraging, but the 3.3 yards per attempt isn't. How do his college numbers compare to the NFL's top rushing quarterbacks?

  • Lamar Jackson: 655 rushes for 4,132 yards (6.3 per rush), and 50 touchdowns
  • Josh Allen: 237 rushes for 767 yards (3.2 per rush), and 12 touchdowns
  • Jalen Hurts: 614 rushes for 3,274 yards (5.3 per rush), and 43 touchdowns
  • Kyler Murray: 207 rushes for 1,478 yards (7.2 per rush), and 13 touchdowns

What's the verdict? Who knows? Honestly, I was surprised by Josh Allen's meager rushing totals in college, particularly since he played against lesser competition and was a one-man offensive show. Kyler Murray's numbers are a bit misleading because he was only a full-time starter for a single season and ran for over 1,000 yards that year. I think the point here is that just because Williams didn't have huge collegiate rushing numbers doesn't mean we can rule it out at the NFL level. 

Caleb Williams 2024 Projections

ProjectorGamesCompsAttsPaYardsPaTDsINTsRushesRuYardsRuTDsFumLost
Footballguys Consensus15.8334.9516.3394724.213.064.83083.13.7
Justin Freeman17.0291.1394.7440525.38.265.23252.94.6
Bob Henry16.0351.0555.0401024.512.572.03603.53.0
Maurile Tremblay16.0324.0518.0362923.316.672.02732.91.4
Jason Wood15.0343.0529.0385524.014.055.02653.05.0

Final Thoughts

Bears fans have every reason to be excited about the changing tides of their long-suffering franchise. Caleb Williams has an excellent chance of becoming the franchise's best quarterback, as the bar is currently set quite low. However, will he break Erik Kramer's single-season record as a rookie? I'm less certain, as history suggests it's unlikely. That said, if Williams is truly a generational talent, a great season can't be ruled out. Both C.J. Stroud and Justin Herbert became fantasy QB1s as rookies, and Williams was a higher-rated draft prospect.

GM Ryan Poles deserves credit for setting Williams up for success, with one of the best receiving trios in the NFC, significant investments in the offensive line, and a new play-caller who has extensive experience maximizing quarterback potential. My main concern with Williams is his QB13 ADP. It's simply too high unless he can be a rushing threat. Until I see evidence of his rushing ability, I'd prefer to let someone else draft Williams at that ADP and instead target a more proven pocket passer a few rounds later.

 

Photos provided by Imagn Images

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